Marietta, GA – Belt Power, LLC (“Belt Power” or the “Company”), a full-service distributor and fabricator of belting and components for lightweight conveyor systems, has acquired the U.S. assets of Mol Belting Systems (“Mol”). Founded in 1986 and based in Grand Rapids, MI, Mol is a fabricator and distributor of process conveyor belting systems, conveyor accessories and power transmission products. Significant in-house engineering capabilities allow Mol to customize solutions for the most demanding belting applications. The combination of Belt Power and Mol provides a platform to deliver value-added solutions to our customers across the market by leveraging Belt Power’s expanding footprint and Mol’s technical expertise.

“We are excited to join forces with the Mol team that has a legacy of innovation in the belting industry for over 38 years. The combination of our strong cultures and investments in our business creates an awesome opportunity for us to further develop leading edge solutions to address our customers’ ever-evolving requirements,” said Belt Power CEO, Don Heitmeier.

“We are thrilled for the opportunity to partner with the Belt Power team,” said John McMullin, Vice President of Sales at Mol. “We are excited to leverage the broader capabilities available through Belt Power. At Mol Belting, our focus was on finding solutions for our customers. We are confident that this partnership aligns with that solutions focused approach and will allow us to better serve the needs of our customers and pursue additional growth opportunities.”

About Belt Power

Headquartered in Marietta, GA, with 20+ facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells to a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high-touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission-critical automation applications. For additional information, please visit www.beltpower.com.

Click here to download the press release.

Marietta, GA – Belt Power, LLC (“Belt Power” or the “Company”), a full-service distributor and fabricator of belting and components for lightweight conveyor systems, has acquired Avtech Industrial Products (“Avtech”). Founded in 2000 and based in Phoenix, AZ, Avtech is a distributor of conveyor belts, motors, drives, hose & fittings, gearboxes, and other industrial products, and offers installation, fabrication, and repair services. The combination of Belt Power and Avtech provides a platform to deliver value-added solutions to customers across the Phoenix market and leverages Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.

“We are excited to join forces with Pat, Kevin and the Avtech team to expand our service offering in the Southwest. We look forward to complementing their capabilities and increasing our value proposition to customers across the Southwest territory,” said Belt Power CEO, Don Heitmeier.

“We are thrilled to announce our partnership with Belt Power,” said Pat Markey, President of Avtech. “With the addition of Belt Power’s extensive support and engineered services, we are now better equipped than ever to meet the needs of our customers.”

About Belt Power

Headquartered in Marietta, GA, with 20+ facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells to a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high-touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission-critical automation applications. For additional information, please visit www.beltpower.com.

Click here to download the press release.

Chicago, IL – Belt Power, LLC (“Belt Power” or the “Company”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, announced that it completed the acquisition of Reliable Rubber, LLC (“Reliable Rubber”). As a highly respected, 2nd generation, fabricator and distributor for more than 45 years, Reliable Rubber delivers a wide variety of lightweight belting products and services to customers across the Midwest from their location in Chicago. Reliable Rubber services a broad array of customer verticals, including paper & packaging, food processing, material handling and general industrial markets. The combination of Belt Power and Reliable Rubber provides a powerful platform to deliver value- added solutions to customers across the Midwest and leverages Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.

“Joining forces with the Reliable Rubber team allows us to build on their longstanding customer relationships while leveraging the significant investments we made in Chicago around inventory, state of the art fabrication equipment and installation capabilities. These capabilities along with our shared values to take care of our employees are focused on exceeding our customers’ expectations,” said Belt Power CEO, Don Heitmeier.

“At Reliable Rubber, we have spent the last 45 years serving our customers with the highest level of technical expertise and customer service. We are excited to leverage the extensive capabilities available through Belt Power to continue to grow and support our customers. We have known the Belt Power team for quite some time and look forward to our partnership with them,” said Jon Cielinski, President of Reliable Rubber.

“The acquisition of Reliable Rubber represents our third add-on since our investment in Belt Power last year,” added Tarun Kanthety, Vice President of Platte River Equity. “We are excited about the partnership and believe this acquisition will accelerate Belt Power’s capabilities and market reach in the Chicago area, a key growth market for the Company.”

About Belt Power

Headquartered in Marietta, GA, with 20+ facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells across a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications. For additional information, please visit www.beltpower.com.

About Platte River Equity

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes conservative capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas.

The firm has raised funds with committed capital in excess of $1.3 billion and is currently investing out of its $625 million fourth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams. For additional information, please visit www.platteriverequity.com.

Click here to download the press release.

Lakewood, WA – Belt Power, LLC (“Belt Power” or the “Company”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, announced that it completed the acquisition of Blankenship Belting, a division of Blankenship Equipment Repair. As a highly respected fabricator and distributor, Blankenship Belting delivers a wide variety of lightweight belting products and services to customers throughout the Pacific Northwest. Blankenship Belting serves a broad array of customer verticals, including paper & packaging, food processing, material handling and general industrial markets. The combination of Belt Power and Blankenship Belting provides a powerful platform to deliver value-added solutions to customers across the Pacific Northwest and leverages Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.

“Joining forces with the Blankenship Belting team brings together two great companies with rich traditions and strong cultures focused on taking care of our employees and delivering world class service to customers. Our companies share similar business approaches with minimal customer overlap, enabling us to accelerate the expansion of our national growth strategy during a very exciting time in our industry,” said Belt Power CEO, Don Heitmeier.

“We are excited about the next chapter of our rich legacy, providing our team with expanded opportunities and the ability to increase our capabilities to service our customers by joining forces with Belt Power,” said Loretta Thompson, Managing Director of Blankenship Equipment.

“A critical aspect of the businesses coming together is the addition of Kevin Thompson, Business Unit Leader, who will continue to expand the Blankenship Belting business. We value his knowledge and expertise to help us increase our share in the Pacific Northwest,” said Don Heitmeier. “It is an honor to help execute Belt Power’s West Coast expansion plans,” said Kevin Thompson.

“Platte River Equity welcomes the Blankenship team members to the Belt Power organization. We are excited about the possibilities ahead and are committed to honoring the rich history between both Belt Power and Blankenship Belting,” said Mark Brown, Platte River Equity Managing Director.

About Belt Power

Headquartered in Marietta, GA, with 20+ facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells to a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications. For additional information, please visit www.beltpower.com.

About Platte River Equity

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes conservative capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas.

The firm has raised funds with committed capital in excess of $1.3 billion and is currently investing out of its $625 million fourth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams. For additional information, please visit www.platteriverequity.com.

Click here to download the press release.

Memphis, August 2023 – Belt Power, a pioneer in industrial solutions, proudly announces the opening of its cutting-edge facility dedicated to the Material Handling group and providing local service to all industries. Centrally located in Memphis, this remarkable establishment underscores Belt Power’s unwavering commitment to innovation, efficiency, and exceptional customer service.

Elevating Your Operations with Ready Key Products

Our shelves house a comprehensive range of industry-leading products, ensuring access to the finest material handling solutions. From conveyor components to specialized equipment, our facility boasts an array of key products ready to empower your business.

Agile Team for Swift Solutions and Reduced Downtime

Combining an agile team with our short lead time focus, we guarantee rapid responses that minimize downtime and enhance productivity. This Center of Excellence is not only dedicated to providing solutions but also functions as a hub for training and innovation, cultivating industry-leading expertise.

Efficient Belting Solutions Delivered Promptly

Belt Power’s new facility is primed to swiftly ship premium belting solutions. Our extensive inventory of high-quality belting materials is ready for immediate dispatch, enabling you to minimize downtime and optimize efficiency.

“We are thrilled to unveil this new chapter in Belt Power’s journey,” said James Thorpe, Director of Material Handling. “Our facility stands as a testament to Belt Power’s unwavering commitment to delivering top-tier material handling solutions and exceptional customer experiences.”

Belt Power is an industry leader in providing solutions that cater to its customers’ needs. With a steadfast focus on innovation, quality, and customer satisfaction, the company continues to redefine industry standards and empower businesses to thrive.

Click here to download the press release.

May 15, 2023 – Belt Power LLC is pleased to announce that we have expanded our skilled sales force and fabrication capabilities into Chicago.

Our new location is in Roselle, IL, and is being led by Pete Dakas. Our intent is to expand our personal expert service into Chicagoland, Northern Illinois, Northwestern Indiana, Minnesota, and Wisconsin.

This expansion is to further our vision to be recognized as the most trusted experts in conveyor components, fabrication, and services nationwide.

Belt Power’s mission is to provide total customer care with our world-class 24-hour service, custom conveyor solutions, and expertise of our team members. Our goal is to become a partner in our customers’ businesses.

Click here to download the press release.

March 15, 2023 – Belt Power LLC is pleased to announce that we have expanded our skilled sales force into NW Arkansas – Springdale area. Our new location is in Rogers, AR.

Our intent is to expand our personal expert service into Arkansas and surrounding areas. This expansion is to further our vision to be recognized as the most trusted experts in conveyor components, fabrication, and services nationwide.

Belt Power’s mission is to provide total customer care with our world-class 24-hour service, custom conveyor solutions, and expertise of our team members. Our goal is to become a partner in our customers’ businesses.

Click here to download the press release.

Denver, CO, January 3, 2023 – Belt Power, LLC (“Belt Power” or the “Company”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, announced that it completed the acquisition of Dunham Rubber & Belting Corporation (“Dunham”). As a highly respected fabricator and distributor for more than 56 years, Dunham delivers a wide variety of lightweight belting products and services to customers across the country from three locations in Indiana – Greenwood, Shelbyville and Ft. Wayne. Dunham services a broad array of customer verticals, including food processing, material handling, building products, pharmaceutical and general industrial markets. The combination of Belt Power and Dunham provides a powerful platform to deliver value-added solutions to customers nationwide and leverages Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.

“Joining forces with the Dunham team brings together two great companies with rich traditions and strong cultures focused on taking care of our employees and delivering world class service to customers. Our companies share similar business approaches with minimal customer overlap, enabling us to accelerate the expansion of our national growth strategy during a very exciting time in our industry,” said Belt Power CEO, Don Heitmeier.

“We are excited about the next chapter of our rich legacy, providing our team with expanded opportunities and the ability to increase our capabilities to service our customers by joining forces with Belt Power,” said Gary Buchanan, President of Dunham.

“Platte River Equity welcomes the Dunham team members to the Belt Power organization. We are excited about the possibilities ahead and are committed to honoring several decades of history between both Belt Power and Dunham,” said Mark Brown, Platte River Equity Managing Director.

Click here to download the full press release.

About Belt Power

Headquartered in Marietta, GA, with twelve facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells into a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high-touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications. For additional information, please visit www.beltpower.com.

About Platte River Equity

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes conservative capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas.

The firm has raised funds with committed capital in excess of $1.3 billion and is currently investing out of its $625 million fourth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams. For additional information, please visit platteriverequity.com.

Denver, CO, August 23, 2022 – Platte River Equity (“Platte River”) is pleased to announce the acquisition of Belt Power,
LLC (“Belt Power” or the “Company”) from Shorehill Capital. Belt Power is a full-service, value-added distributor and
fabricator of conveyor system components including conveyor belts, equipment and accessories.

“As the largest independent distributor, Belt Power has the industry knowledge, product line, customized fabrication
capabilities, and 24/7 installation services that differentiates itself from its peers,” said Mark Brown, Platte River Managing
Director. “Platte River was attracted to the opportunity to further scale Belt Power’s national presence and is excited to
partner with the management team to grow the Company’s leadership position within the broader industrial automation
end markets.”

Don Heitmeier, CEO of Belt Power, said, “We look forward to partnering with Platte River and will benefit from the firm’s
significant experience with industrial distribution businesses. We’re excited about continuing to grow our geographic
presence, expand our product offering and breadth and depth of services. We are confident Platte River is the right
partner to build upon our history as the leading distributor of conveying solutions.”

Platte River invested out of its fourth fund, Platte River Equity IV, L.P. Bartlit Beck LLP served as legal counsel to Platte
River.

About Belt Power

Headquartered in Marietta, GA, with 12 facilities strategically located across the U.S., Belt Power is the industry’s largest,
independent distributor and fabricator of conveyor system components including conveyor belts, equipment, accessories,
rubber hose and gasket products. The Company sells into a diverse set of end markets with a focus on the food, packaging,
industrial and material handling segments. Belt Power is able to support the high-touch needs of its customers and act as
a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and
productivity for mission critical automation applications. For additional information, please visit www.beltpower.com.

About Platte River Equity

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established
lower middle market operating companies within targeted industrial sectors where it has substantial operating andinvesting experience. Platte River utilizes conservative capital structures in order to invest in future growth opportunities
and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio
companies through dedicated resources across functional areas.

The firm has raised funds with committed capital in excess of $1.3 billion and is currently investing out of its $625 million
fourth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its
investors and portfolio company management teams. For additional information, please visit www.platteriverequity.com.

Belt Power LLC (“Belt Power”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, announced that it completed the acquisition of Accurate Industrial Products, LLC (“Accurate”) on December 30, 2021. As a highly respected fabricator and distributor for more than 25 years, Accurate has delivered a wide variety of lightweight belting products and services to customers across the country from locations in the St. Louis, Missouri and Columbus, Ohio markets. Accurate services a broad array of industries, including food processing, auto/tire manufacturing, consumer packaged goods, building products, and general industrial markets. The business has a well-deserved reputation for strong technical capabilities, quality product lines, and highly respected leadership. The combination of Belt Power and Accurate provides a powerful platform to deliver value-added solutions to customers nationwide, leveraging Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.

The terms of the acquisition were not disclosed.

“Joining forces with Glenn and his team brings together two great companies with rich traditions and strong cultures focused on taking care of our people and customers. Our companies have similar approaches to the business with minimal overlap, enabling us to accelerate our national organic growth strategy during a very dynamic time in our industry,” said Belt Power CEO Don Heitmeier.

Accurate owners Glenn Siemer and John Hipp will have critical, ongoing roles with Belt Power. “From the founding of Accurate Industrial in 1995, I learned that success is often grounded in bold moves. One such move occurred in 2007 when John Hipp acquired ownership in Accurate to become my partner. The advantages realized from this strategic union were obvious and proved beneficial to both our employees and customers alike. We view a merger with Belt Power in the same light. During an unparalleled time of consolidation in the lightweight belting segment, we’re thrilled to be joining forces with the preeminent distributor/fabricator in North America,” said Glenn Siemer, President of Accurate.

“Accurate and Belt Power share very similar customer-focused cultures, and we are delighted to support Belt Power’s partnership with Glenn, John and the Accurate team. The combination continues Belt Power’s organic and acquisition-related growth initiatives, and positions Belt Power to best support local and national customers,” said Rob Hogan, Managing Director at Shorehill Capital.

Click here to download the full press release.

About Belt Power

A portfolio company of Shorehill Capital and headquartered in Marietta, Georgia, Belt Power is a full-service distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories and rubber, hose and gasket products. Through ten locations throughout the US, Belt Power serves the conveyor maintenance, replacement and overhaul needs of over 3,000 current customers with a focus on food processing, packaging, material handling and light industrial markets. For additional information, visit www.BeltPower.com.

Belt Power is aggressively seeking to acquire other distributors and fabricators of conveyor system components and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Rob Hogan regarding acquisition opportunities.

About Shorehill Capital

Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies. We are focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3.0 million and $15.0 million and add-ons of any size. Shorehill seeks opportunities with differentiated business models where our experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years our partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.